Leviathan Manufacturing makes and sells integrated circuit boards. At the end of 2023, the income statement and comparative balance sheet were prepared as shown below.

Leviathan Manufacturing Balance Sheet As at June 30
	2023	2022
Assets
Current Assets
Cash	$329,640	$125,400
Accounts Receivable	$244,600	$266,400
Merchandise Inventory	$502,200	$463,100
Prepaid Expenses	$24,000	$24,000
Total Current Assets	$1,100,440	$878,900
Long-Term Assets
Land		$23,200
Equipment	$334,500	$334,500
Less: Accumulated Depreciation	$-102,100	$-90,700
Total Long-Term Assets	$232,400	$267,000
Total Assets	$1,332,840	$1,145,900
Liabilities
Current Liabilities
Accounts Payable	$314,000	$321,600
Notes Payable, Current Portion	$37,700	$25,300
Total Current Liabilities	$351,700	$346,900
Notes Payable, Long-Term Portion	$208,700	$184,100
Total Liabilities	$560,400	$531,000
Shareholders' Equity
Common Shares	$285,000	$260,000
Retained Earnings	$487,440	$354,900
Total Shareholders' Equity	$772,440	$614,900
Total Liabilities and Equity	$1,332,840	$1,145,900

Additional Information: During 2023, land was sold for a loss of $5,400. There was no purchase of equipment. The company did not pay off any amount of the notes payable.

Leviathan Manufacturing Income Statement For the Year Ended June 30, 2023
Sales	$2,472,000
Cost of Goods Sold	$1,483,200
Gross Profit	$988,800
Operating Expenses
Depreciation Expense	$11,400
Other Operating Expenses	$698,400
Total Operating Expenses	$709,800
Income from Operations	$279,000
Other Income and Expenses
Loss on Sale of Land	$-5,400
Income before Income Tax	$273,600
Income Tax	$95,760
Net Income	$177,840

Prepare the cash flow statement using the indirect method.

Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash.

Leviathan Manufacturing Cash Flow Statement For the Year Ended June 30, 2023
Cash Flow from Operating Activities
Net Income	Answer
Adjustments to Reconcile Net Income to Cash
Depreciation	Answer
Loss on Sale of Land	Answer
Change in Operating Assets and Liabilities
Decrease in Accounts Receivable	Answer
Increase in Merchandise Inventory	Answer
Decrease in Accounts Payable	Answer
Net Cash Provided (Used) by Operating Activities		Answer
Cash Flow from Investing Activities
Sale of Land	Answer
Net Cash Provided (Used) by Investing Activities		Answer
Cash Flow from Financing Activities
Proceeds from Notes Payable	Answer
Payment of Cash Dividend	Answer
Issue of Common Shares	Answer
Net Cash Provided (Used) by Financing Activities		Answer
Net Increase (Decrease) in Cash		Answer
Cash at the Beginning of the Year		Answer
Cash at the End of the Year		Answer